The USDJPY was indecisive yesterday but overall still able to maintain its bearish correction bias. The bias is neutral in nearest term. Immediate resistance is seen around 93.50 followed by 94.00. Immediate support is seen around 93.20. A clear break below that area could trigger further bearish pressure testing 92.50 region. Overall I still prefer to buy on dips.

The USDJPY was indecisive yesterday but overall still able to maintain its bearish correction bias. The bias is neutral in nearest term. Immediate resistance is seen around 93.50 followed by 94.00. Immediate support is seen around 93.20. A clear break below that area could trigger further bearish pressure testing 92.50 region. Overall I still prefer to buy on dips.